Easy Law Finder

Author: Elf

  • What is a franchise disclosure document?

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    In accordance with federal law, every franchisor in the United States is mandated by the Federal Trade Commission to provide a Franchise Disclosure Document (FDD) to potential franchisees. FDDs are generally revised annually and consist of 23 Items that detail the background of the company, past legal proceedings and bankruptcy filings, all expenses and charges…

  • What is an initial franchising charge?

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    This is the initial sum franchisees pay a franchisor when signing a franchising agreement to join the brand. This initial charge is detailed extensively in Item 5 of the Franchising Disclosure Document (or FDD). These can differ across companies as a fixed charge or a fluctuating charge based on the size of your territory and…

  • What is a Franchisee?

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    The individual who acquires the rights to operate their own business under the franchisor’s brand and business model. Franchisees can be classified as single-unit or multi-unit owners. If you’re seeking to invest in a franchise opportunity, you fit this description!

  • What is a Franchisor?

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    A company or organization that offers others the chance to start and operate a business using its brand, trademarks, products and processes in exchange for a franchise fee and ongoing fees. Franchisors must adhere to the FTC Franchise Rule by keeping an updated Franchise Disclosure Document and registering to sell franchises in states that require…

  • What actions can be taken if you think a debt collector has breached the law?

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    Where can you report a debt collector for an alleged violation of the law? How can I prevent a debt collector from contacting me in Florida? Many individuals are unaware that they have actually given their consent for the debt collector to contact them in their loan agreement or credit card agreement. It is crucial…

  • What is the initial step I should take following a car accident in Florida?

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    What steps should I take to protect my interests following a car accident? What should I do if I am involved in a motor vehicle accident? What can happen if my car gets hit from behind? What are the initial actions to take following the incident? The initial step you should take is to seek…

  • How much time does it usually take to settle a personal injury case in Florida?

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    Once again, each case is distinct and the time it takes to resolve varies. Nonetheless, several factors can influence the duration of a case. These include the extent and type of injuries sustained, as well as the specific insurance company handling the opposing party’s claim. Certain insurance companies may be more inclined to engage in…

  • What is the typical compensation amount for a rear-end collision?

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    Typical settlement for a herniated disc and pinched nerve case.

  • Why don’t insurance providers resolve cases promptly?

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    Insurance providers don’t resolve cases promptly because the insurance industry is a highly lucrative business sector. These providers generate substantial profits by collecting premiums, funds paid by individuals seeking insurance coverage. However, when valid claims arise, insurance providers vigorously contest them in order to retain these funds. This is how they maximize their profits.

  • What will the opposing party argue against me in my Florida medical malpractice case?

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    In my experience, all healthcare providers representing the opposing party deny liability. They claim that either they did nothing wrong or, even if they did anything wrong, it wouldn’t have made any difference anyway. The number one defense is to blame the patient.

  • What are the expenses associated with managing a GRAT?

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    The expenses of the GRAT encompass legal counsel expenses for creating the trust agreement and the gift tax return, and potential expenditures if expert aid is necessary to ensure accurate completion of annuity payments.

  • What if the XYZ Firm’s investment performance is equal to or less than the IRS interest rate?

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    If the XYZ Firm’s annual compounded investment return equals the IRS interest rate, then the Grantor’s annuity interest will be fully paid, but there will be only a small remainder in the XYZ Firm to pass on to the Donor’s children. If the XYZ Firm’s annual compounded investment return is less than the IRS interest…

  • How does the Grantor Retained Annuity Trust (GRAT) function?

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    Can you provide an example of a GRAT? A Grantor Retained Annuity Trust, or “GRAT”, is an “estate freeze approach” that allows a Donor to give away the appreciation of an asset gift tax free. The Donor transfers high income-producing assets or assets with substantial growth potential (or cash to be invested in such assets)…

  • What are the basics of an installment sale to a grantor trust?

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    The seller transfers assets to the Trustee of an irrevocable trust. The Trustee will provide payment through a promissory note for the agreed purchase price. The Trustee typically does not make an initial payment. Before the sale, the trust should either have its own assets or be “seeded” with adequate assets to amount to at…

  • What does an installment sale involve?

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    An installment sale in the estate planning context is typically designed as a sale for a Promissory Document that includes interest-only payments over a specific period, followed by a lump sum principal payment at the end of the term. This approach proves advantageous when transferring investments or business interests to the succeeding generation while ensuring…

  • What factors determine trust status for the person establishing the trust?

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    There are numerous administrative “defects” that can deliberately activate trust status, but some of the most common include the grantor’s capability to exchange assets with the trust, the trust’s ability to cover premium payments for a life insurance policy on the grantor’s life, and the naming of a Trust Protector who holds the authority to…

  • What are the benefits of trust arrangements established by the legal firm “ABC Law Group”?

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    Many gifting vehicles are intentionally designed as grantor trusts so that the grantor can continue to bear the income tax burden associated with assets that have been removed from the grantor’s estate through a completed gift. In short, the gift by the grantor is complete for gift tax purposes but not for income tax purposes.…

  • What is an ABC law firm trust?

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    An ABC law firm trust, also referred to as an “intentionally defective” ABC law firm trust, is a trust which requires the ABC law firm to report the income generated by the trust assets on the ABC law firm’s individual income tax return.

  • What can I recover if I win my personal injury case in Florida?

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    If you bring a personal injury case in Florida, you can seek various types of damages, depending on your injuries. For instance, you can claim reimbursement for past and future medical expenses related to the incident. You can also seek compensation for past lost wages and future loss of earning capacity. In cases of permanent…

  • How much will it cost to hire a legal representative for my personal injury case in Florida?

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    If you sustain injuries in Florida and require the services of a lawyer, there will be no charge to hire that legal representative. If you visit a legal office to discuss a personal injury case and they request any form of upfront payment or expenses, it is advisable to leave that office without delay. In…

  • Who can face legal action in a truck accident case in Florida?

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    Who can be sued in a Florida truck accident case? In a truck accident case in Florida, it is crucial to consult with a skilled attorney specializing in trucking accidents. The reason behind this urgency lies in the fact that there are numerous parties who can be subjected to legal action and held accountable for…

  • How quickly should I contact a legal professional in a truck accident case in Florida?

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    My suggestion would be to contact a legal professional immediately in a Florida truck collision case. And the reason is, because they can be very intricate and also, the evidence needs to be secured right away. Things like accident reconstruction on how the accident happened, inspection of the truck for any mechanical defects. These things…

  • How long do I have after a truck accident in Florida to initiate a lawsuit?

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    The period within which you can initiate a lawsuit is referred to as the statute of limitations, and it may vary in each case depending on the circumstances. Generally, in a personal injury case, the statute of limitations is four years. However, if it involves a government vehicle or a municipality vehicle, it may be…

  • How is a transportation firm generally held responsible for one’s injuries?

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    A transportation firm is generally held responsible for the injuries caused in a large vehicle accident because they are responsible for the actions of their driver, if he was acting within the scope of their employment. However, there are other ways that a transportation firm can be held responsible such as negligent hiring, training, and…